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Texas  + Finance  | 

PCCP Provides $72M for Houston MF

The Dinerstein Companies and Coventry Real Estate Advisors secured a $72-million loan to refinance and stabilize Millennium High Street, a 340-unit, Class A multifamily project in Houston’s Inner Loop/River Oaks submarket. The property, located at 4410 Westheimer Rd., also includes roughly 26,000 square feet of 100%-leased ground floor retail.

Built by the partnership on a 6.3-acre site in 2013, the property consists of four, four-story residential buildings and a seven-story parking garage, with the buildings interconnected via air-conditioned walkways. The residential component, a mix of luxury one, two and three-bedroom units, is currently 96% occupied.

“Millennium High Street is a high quality asset located in one of the strongest multifamily submarkets of Houston,” said Ron Bonneau of PCCP, which provided the loan. “The strong, experienced ownership, superior real estate and strength of the location create durable, long-term value for the asset.”

The financing was arranged by HFF’s Cameron Cureton.

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With The Dinerstein CompaniesConnect With PCCP’s BonneauConnect With HFF’s Cureton

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
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